Privium Fund Management UK Ltd Invests $7.53 Million in KraneShares CSI China Internet ETF $KWEB

Privium Fund Management UK Ltd acquired a new stake in KraneShares CSI China Internet ETF (NYSEARCA:KWEB) in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 310,000 shares of the company’s stock, valued at approximately $7,533,000. KraneShares CSI China Internet ETF accounts for 3.1% of Privium Fund Management UK Ltd’s investment portfolio, making the stock its 9th largest position.

Several other institutional investors have also recently added to or reduced their stakes in the business. SBI Securities Co. Ltd. lifted its position in KraneShares CSI China Internet ETF by 634.2% during the fourth quarter. SBI Securities Co. Ltd. now owns 837 shares of the company’s stock worth $28,000 after buying an additional 723 shares during the period. Manchester Capital Management LLC purchased a new position in shares of KraneShares CSI China Internet ETF during the 4th quarter worth about $32,000. JPL Wealth Management LLC acquired a new stake in shares of KraneShares CSI China Internet ETF in the third quarter worth approximately $34,000. International Assets Investment Management LLC acquired a new stake in shares of KraneShares CSI China Internet ETF in the fourth quarter worth approximately $49,000. Finally, Sankala Group LLC purchased a new stake in KraneShares CSI China Internet ETF in the fourth quarter valued at approximately $51,000.

KraneShares CSI China Internet ETF Stock Performance

Shares of KWEB stock opened at $27.01 on Monday. KraneShares CSI China Internet ETF has a one year low of $23.23 and a one year high of $43.37. The company has a 50 day moving average price of $26.47 and a 200 day moving average price of $28.78. The firm has a market capitalization of $5.35 billion, a price-to-earnings ratio of 15.95 and a beta of 0.36.

KraneShares CSI China Internet ETF Company Profile

The KraneShares CSI China Internet ETF (KWEB) is an exchange-traded fund that is based on the CSI Overseas China Internet index. The fund tracks a market cap-weighted index composed of overseas-listed Chinese Internet companies. KWEB was launched on Jul 31, 2013 and is managed by KraneShares.